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By Rathindra Kuruwita Sri Lanka had not taken a final decision on domestic debt restructuring, Cabinet spokesperson Bandula Gunawardena said on Wednesday. Addressing the media in Colombo, he said that the government was discussing with economists and other stakeholders ways and means of restructuring the domestic debt. Gunawardena said Sri Lanka had not even finalised […]
Sri Lanka's apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country.The post Sri Lanka apparel exports to drop by $1 billion in 2023, trade body says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
The Asian Development Bank (ADB) has commended Sri Lanka for its efforts to avert a greater crisis and for laying a strong foundation for the country s economic recovery.
Foreign Minister Ali Sabry met with the President of Asian Development Bank (ADB), Masatsugu Asakawa in Seoul, Republic of Korea during the 56th Annual Meeting of the ADB.The post Sri Lanka seeks Asian Development Bank support in digitalization, agriculture appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
[…]The post Restructuring The Economy: A Stock Take appeared first on Colombo Telegraph.
The Asian Development Bank pledged to continue engagement with Sri Lanka with renewed vigour in a variety of areas. Foreign Minister Ali Sabry met with the President of Asian Development Bank, Masatsugu Asakawa in Seoul, Republic of Korea during the 56th Annual Meeting of the ADB. The Minister expressed Sri Lanka’s gratitude for the excellent […]
Sri Lanka President Ranil Wickremesinghe addressed the United National Party (UNP) May Day celebrations held at the Sugathadasa Indoor Stadium in Colombo yesterday (May 01) through video technology.The post Sri Lanka President says Let 2048 be the year of development for Sri Lanka appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
[…]The post Preparing The Ground For Early Elections appeared first on Colombo Telegraph.
Pan Asia Bank cemented its position in the Business Today Top 40 ranking for the year 2022. The Business Today Top 40 2022 winners were recognized at a high profile corporate evening graced by President Ranil Wickramasinghe. Pan Asia Bank was recognized for showing positive financial growth amidst the turbulent situation of the country as its […]
By Sanath Nanayakkare Sri Lanka, while pursuing the macro-fiscal adjustment programme, under the IMF’s Extended Fund Facility arrangement, should focus on two key national issues concurrently, President Ranil Wickremesinghe said yesterday. “If the country is to achieve economic growth and share the dividends of prosperity among all its people, we need to focus on two […]
By Jehan Perera The second round of reducing the prices of a variety of fuels (2 percent for ordinary petrol to 29 percent for super diesel used by luxury vehicles) is an indication that the government is seeking to improve its support base amongst the better off sections of the population. This could be to […]
[…]The post Is The Central Bank On Its Way To Technical Insolvency? appeared first on Colombo Telegraph.
Millions of less affluent Sri Lankans working in the Middle East are sending money home to keep the economy afloat while the more educated who hold higher posts in developed countries keep money stashed elsewhere, Labour Minister Manusha Nanayakkara said in Parliament on Tuesday (April 25).The post Sri Lanka workers in Middle East sending money, while more educated do not – Minister appeared...